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Elon Musk Finally Completed the Twitter Takeover Deal

Elon Musk Finally Completed the Twitter Takeover Deal


Elon Musk Finally Completed the Twitter Takeover Deal

The long battled acquisition of Twitter is finally completed, with Elon Musk taking charge a day before the supposed deadline.

Musk said he’d open-source the Twitter code to let the public know how the platform shows its recommendations, reduce or even remove the spam bots completely, and also fire some employees. He has already fired some top executives, including the CEO.

Elon Musk’s Twitter Acquisition

If you’re following the acquisition case between Elon Musk and Twitter since its inception, you’d know how twisted it had been. Well, after all the arguments, accusations, and court proceedings, Musk has finally taken over Twitter for the said $44 billion.

And the first thing he did was to fire the company’s top executives, including the CEO Parag Agarwal and Chief Financial Officer Ned Segal, Twitter’s top policy official Vijaya Gadde, and its general counsel Sean Edgett.

Musk walked into the Twitter HQ in San Francisco on Thursday and met with the employees. He reportedly brought his Tesla engineers too to assess Twitter’s code. Musk pledged to eradicate the spam bots on Twitter and open-source its algorithm to let the people know how its recommendations work while not making the platform a “free-for-all hellscape.”

Musk also said to loosen the content moderation tools and dislikes permanent ban. Thus, we can expect Donald Trump’s account to be reinstated soon. He confirmed cutting jobs but assured that it wouldn’t be as high as 75% of the total staff.

Wishing Twitter should be the “most respected advertising platform in the world,” Musk changed his Twitter bio to “Chief Twit” and revealed to make the platform an everything app – similar to WeChat in China, which serves not just as a messaging service but also includes social media, payment, and others.

He earlier stated his ideas for increasing the non-advertising revenue of Twitter, like charging companies for embedding their tweets and Twitter Blue features.



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